Tonkon Torp Brings Attorney Power to Renewable Energy Transaction

Tonkon Torp client Enel Green Power North America (EGPNA) is the North American subsidiary of one of the largest corporations in the world, the Italian electricity company Enel S.p.A., which has more than 80,000 employees and more than 63 million customers in 30 countries.

EGPNA, based in Massachusetts, retained Tonkon Torp in August 2016 to manage its stock acquisition of Demand Energy Networks (DEN) Inc., a startup based in Liberty Lake, Washington. DEN provides energy management system software focusing on battery storage optimization. Tonkon provided assistance in structuring the transaction, due diligence, drafting the acquisition agreement, and negotiating the transaction terms. EGPNA intends to preserve Demand Energy as a separate division so it can continue to innovate.